A global hospitality provider that serves over 25,000 customers for more than 170 countries is getting acquired by Amadeus, a travel technology business that’s been in service for over 30 years. The deal to acquire TravelClick is designed to increase Amadeus’ influence in the hospitality sector, Amadeus said.
The company says TravelClick’s cloud-based solutions for independent and mid-chain hotels will enable Amadeus to reach all sectors of the market with a greater portfolio. Travel Click provides cloud technology--a method of delivering information that uses web-based tools and apps as opposed to a server--as well as business intelligence and media solutions to hotels, including reach across both digital and traditional channels. The goal of this technology is to enhance digital interaction with guests, heighten performance and revenues, create a strong brand and reduce cost.
Amadeus will acquire TravelClick via private equity investment firm Thoma Bravo for USD $1.52 bn. From this deal, over a thousand Travel Click employees are expected to join Amadeus. This move is designed to mold Amadeus into a hospitality company capable of providing a broad range of technology to hotels and chains of all sizes across the globe.
Amadeus and Thoma Bravo are expected to close the acquisition in the fourth quarter of the calendar year 2018 after regulatory approvals. The deal will be debt-financed and immediately earnings accreditive.
For more information, visit https://amadeus.com/en
Related Stories
Amadeus Signs Two Travel Agencies to NDC-X Program